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‘s AirAsia cuts pre-booked meal prices
Mar 01, 2012 (LBO) – AirAisa, a Malaysia based budget carrries said it had cut in-flight meals as much as 30 percent in the wake of a cut in check-in baggage fees two weeks earlier. “AirAsia always strives to listen to our guests, and take into account their feedback on how we can make their […]
Japan gains Sri Lanka auto market share with hybrids
Mar 01, 2012 (LBO) – Japan has increased its share in Sri Lanka’s auto market to 36 percent from 33 percent in value with a surge in hybrid vehicles, amid a boom coming after a cut in taxes, Sri Lanka’s main business chamber said. More than 100,000 petrol driven three wheelers have been imported in […]
UK restricts skilled workers; allows servants, scientists
Mar 01, 2012 (LBO) – The United Kingdom has tightened immigration rules, ending automatic settlement for skilled workers but allowing scientists and those in low-paid jobs where there are worker shortages and limited stay for servants. œOur reforms of the immigration system will ensure we are more selective, not only about those who are allowed […]
Sri Lanka think tank World Bank starts online debate on better jobs
Mar 01, 2012 (LBO) – An online discussion based on a report by Sri Lanka’s Institute of Policy Studies (IPS) and the World Bank on creating better jobs has been started using ‘Google Moderator’, to invite more public discussion. “Sri Lanka is in a new phase of growth, but the development challenges are many. Unemployment […]
Sri Lanka hoping to resume IMF program: Central Bank
Mar 01, 2012 (LBO) – Sri Lanka is planning to resume a deal with the International Monetary Fund which can boost the island’s forex reserves which had fallen to 5. 7 billion US dollars and there is no capital flight, the Central Bank said. Analysts say that in the absence of a clean float and […]
‘s central bank says S&P downgrade unwarranted
Feb 29, 2012 (LBO) – Sri Lanka’s Central Bank says an outlook and rating by Standard & Poor’s in the wake of balance of payments pressure is unwarranted because corrective steps have been taken by the government. S&P on Wednesday cut the outlook on Sri Lanka’s ‘B+’ foreign currency rating to ‘stable’ from ‘positive’ and […]
Sri Lanka Treasuries yields up, bonds lower
Feb 29, 2012 (LBO) – Sri Lanka’s Treasuries yields rose across maturities at Wednesday’s auction though bond yields were pushed down by state managed fund, ahead of a 51 billion rupee rollover due on Thursday, dealers said. The state debt office said the 3-month yield rising 30 basis points to 9. 81 percent, the 6-month […]
” rating
Feb 29, 2012 (LBO) – Fitch Ratings has confirmed an ‘A-(lka) rating of Lanka Orix Finance Plc (LOFIN) saying it reflected its strong franchise among registered finance companies and is satisfactory financial profile. Fitch said a negative outlook on the rating came from a heightened risk profile of its parent, Lanka Orix Leasing Company Plc. […]
Sri Lanka Commercial Leasing and Finance outlook cut
Feb 29, 2012 (LBO) – Sri Lanka’s Fitch Ratings has cut the outlook on Sri Lanka’s Commercial Leasing and Finance (CLC) to ‘negative’ from ‘stable’ but confirmed its underlying rating at ‘A-(lka)’. Fitch said CLC could be relied upon for support from its parent Lanka Orix Leasing Company if required which had a rating one […]
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Feb 29, 2012 (LBO) – Fitch Ratings Lanka has lowered Lanka Orix Leasing Company’s rating from ‘A-(lka)’ to ‘BBB+(lka)’ with a negative outlook with a similar cut in outstanding senior unsecured debentures. The rating is still in the investment grade. Fitch said the downgrade came from a “higher appetite for market risks” at the holding […]